Kroger to invest $770 million in wages amid tight retail job market

Kroger will invest $770 million more in pay and benefits for its employees this year, making it the latest retailer to spend more as the retail labor market remains tight.Kroger is spending $770 million more this year on wages and benefits for workers. Walmart and Home Depot have also recently upped wage spending as US unemployment remains low.

The wage increases will be funded by cost savings, such as the increased use of technology to improve productivity in stores and"eliminating waste in areas that did not affect the customer experience," CFO Gary Millerchip said during a call to discuss the company's fourth-quarter results.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weiser: The Kroger/Albertsons grocery merger deserves a thorough anti-trust legal review'At the Colorado Attorney General’s Office, we must determine if this grocery merger would unlawfully harm our state’s consumers, workers, farmers or suppliers. That’s why we’re asking the public for input on what this merger would mean for them.'
Source: denverpost - 🏆 13. / 72 Read more »